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Archive for the ‘UK’ Category

New Titanic images using technology advanced by the offshore energy industry

Posted in Offshore Energy - General, UK, tagged , , on May 26, 2023| Leave a Comment »

BBC article

The images were provided by Magellan, a UK company that conducts surveys for the offshore oil and gas industry:

“Established in 2015, Magellan is driven by a management team whose background includes offshore contracting, geotechnical survey and ultra-deep water ROV operations, including environmental and site investigation.  These operations have been conducted for a wide range of clients across the oil and gas, fibre-optic and subsea recovery industries.

Supported by the board, the management team have guided and overseen the integration of standard oil and gas practices as well as the building and development of 6,000m ROVs, specialist and innovative winches and a range of purpose-built subsea tooling.”

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Government money down the rathole – literally

Posted in CCS, climate, drilling, energy policy, UK, tagged , , on March 27, 2023| Leave a Comment »

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Rystad Energy: Offshore is back!

Posted in energy policy, Gulf of Mexico, Guyana, Norway, Offshore Energy - General, UK, tagged , , , , , , on March 10, 2023| Leave a Comment »

The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up. Rystad Energy research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023 – the first breach for two straight years since 2012 and 2013.

Offshore activity is expected to account for 68% of all sanctioned conventional hydrocarbons in 2023 and 2024, up from 40% between 2015-2018.

Rystad

Comments:

  • Middle East investment continues to be strong
  • Good for South America thanks to Brazil (16 new FPSOs by the end of the decade) and the Guyana success story.
  • Strong forecast for Norway and the UK boosts Europe.
  • North America could do far better with less obstructive access policies.

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15 Minute Cities

Posted in climate, UK, tagged on February 19, 2023| Leave a Comment »

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So you can drill near the Isle of Man (and almost everywhere else in or adjacent to the North and South Atlantic), but the entire US Atlantic is off-limits

Posted in drilling, energy policy, Offshore Energy - General, UK, tagged , , on January 19, 2023| Leave a Comment »

A firm with a licence to drill for natural gas in Manx waters expects to begin exploratory works in October, its chief executive has said.

Crogga has appointed Three60 Energy to drill an appraisal well to understand how much gas is under the seabed 17km (10.5miles) off Maughold Head.

BBC
Isle of Man

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HSBC will no longer finance new oil and gas field projects

Posted in climate, energy policy, UK, Uncategorized, tagged , , on December 14, 2022| Leave a Comment »

This rather arrogant and condescending policy makes neither good business sense nor good social sense (unless you support energy poverty), but I’m sure the executive team is proud. That said, they do seem to have left themselves with a fair amount of wiggle room.

In line with the policy, we will no longer provide new lending or capital markets finance for the specific purpose of projects pertaining to new oil and gas fields and related infrastructure when the primary use is in conjunction with new fields.

We will continue to provide finance or advisory services to energy sector clients at the corporate level, where clients’ transition plans are consistent with our 2030 portfolio-level targets and net zero by 2050 commitment.

HSBC

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Nord Stream and the buzz about “dark ships”

Posted in pipelines, Russia, UK, tagged , , , on November 14, 2022| Leave a Comment »

Using satellite data, SpaceKnow detected 2 “dark ships” near the pipelines prior to the explosions. The ships were operating with their automatic identification system (AIS) transponders turned off or malfunctioning. While this is cause for suspicion, no data were provided on the frequency of such issues in the Baltic. Also, what were the specific routes and timelines for these vessels? Absent this information. the “dark ship” reports aren’t terribly meaningful.

Although the assumption that the explosions occurred outside the pipeline seems most likely, some observers have suggested that the explosions were internal. It’s unknown whether the investigators have ruled out this possibility.

Meanwhile, the folks in Germany and elsewhere in Europe are understandably impatient. They want answers from their governments!

https://twitter.com/derleugner/status/1589487376979873793

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Actually, it was last Sunday in the UK 😀

Posted in energy policy, UK, tagged , on November 5, 2022| Leave a Comment »

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Expect this type of behavior to continue

Posted in climate, energy policy, Offshore Energy - General, UK, Uncategorized, tagged , , , on October 17, 2022| Leave a Comment »

Two supporters of Just Stop Oil have thrown soup over Vincent Van Gogh’s Sunflowers, as actions in the capital roll into the 14th day. They are demanding that the UK government halts all new oil and gas projects.

Just Stop Oil

Why these stunts will continue in Europe and N. America:

  • Minimal penalties for their behavior.
  • Publicity and contributions. (Donate buttons are the main feature of JustStopOil)
  • Prominent supporters and leading political figures have endorsed their message, if not their conduct.
  • Weak, imbalanced educational systems, particularly with regard to energy.

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Offshore Energies UK: New oil and gas licenses are critical

Posted in energy policy, UK, tagged , on August 31, 2022| Leave a Comment »

OEUK statement

It’s disappointing that this statement was even necessary. Under the circumstances, the need for new UK offshore licenses would seem to be obvious and undeniable.

“The European energy sector right now is cracking at the seams. Without the contribution of UK oil and gas resources, that crack would be a gaping hole.” 

Mike Tholen, OEUK

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